HB Wealth Management LLC Sells 8,885 Shares of Mondelez International, Inc. $MDLZ

HB Wealth Management LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.2% during the first quarter, HoldingsChannel reports. The fund owned 113,811 shares of the company’s stock after selling 8,885 shares during the period. HB Wealth Management LLC’s holdings in Mondelez International were worth $6,560,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after purchasing an additional 7,025 shares during the last quarter. United Bank grew its position in Mondelez International by 13.2% during the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after purchasing an additional 3,070 shares during the last quarter. Sei Investments Co. grew its position in Mondelez International by 15.1% during the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after purchasing an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. increased its stake in Mondelez International by 4,470.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in Mondelez International by 144.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after purchasing an additional 4,668 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

NASDAQ MDLZ opened at $60.91 on Friday. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The stock has a 50-day moving average of $61.05 and a 200 day moving average of $58.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The company has a market capitalization of $78.19 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.39 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s payout ratio is presently 99.50%.

Analyst Ratings Changes

MDLZ has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price target (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mondelez International in a research report on Wednesday, April 22nd. Finally, Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.